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A comment on German banks are hoarding so many euros they need more vaults. Parent comment

Re:German banks are hoarding so many euros they need more va... by firebird84 on Monday February 03, 2020 @12:38PM (#22226595)
Some people would balk at the idea since they have bad credit and no bank account, and hence have to fork over a fee to walmart/publix/your local check cashing place in order to make it liquid. Cash works for everyone.

I agree, cashiers checks are safer, but some people have reasons to prefer cash.

[ Parent | on HN ]
Re:German banks are hoarding so many euros they need more va... by desas on Monday February 03, 2020 @09:27PM (#22231775)
In the UK all big banks offer "basic" (no credit attached) free bank accounts as the government were musing placing a public service obligation on them to make it compulsory.

In the UK, government benefits are paid by bank transfer.

[ Parent | on HN ]
Re:German banks are hoarding so many euros they need more va... by t0mas88 on Monday February 03, 2020 @07:03PM (#22230807)
Unless you're homeless you will have a bank account in Europe. For the simple reason that you can't really live without one. Taxes, salary, state allowance and mortgage are all done by bank transfer and nothing else.
[ Parent | on HN ]